Liverpool have agreed a deal to sign Alex Oxlade-Chamberlain.
Arsenal have been demanding £40m and Liverpool now expect to complete the deal in the next 24 hours.
A six-year deal has been agreed with the player, and a medical could take place this evening at St George's Park - where he is currently training with England ahead of their World Cup qualification double-header.
However, Oxlade-Chamberlain has permission to miss the England squad's flight tomorrow to Malta if he needs more time to complete the switch.
The Reds have beaten champions Chelsea to the transfer in what is a remarkable coup for manager Jurgen Klopp.
The player's management company, Colossal Sports Management, tweeted that they have a "deal agreed" for one of their clients to join the Reds, though the tweet has now been deleted.
The tweet read: "DEAL AGREED!!!! #LIVERPOOL #YNWA #COLOSSAL #LFC
Gary Neville labelled the tweet "embarrassing," due to the fact that they announced the deal before the clubs.
Chelsea are fuming over Oxlade-Chamberlain’s snub, as they had a deal agreed and yet the Arsenal midfielder chose to go to Anfield.
The loss of the midfielder will be seen as a blow by Arsenal boss Arsene Wenger, who has been adamant in recent weeks that he wants to keep the player at the Emirates Stadium.
He told Arsenal he would not sign a new deal, turned down an offer of £180,000-a-week and can leave on a free transfer next summer.
Oxlade-Chamberlain preferred a switch to Liverpool where he would play midfield and believes he can improve and develop his England career.